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VTB lends to Samara Region’s companies

16 June 2011

© RIA Novosti, Vladimir Granovsky

VTB Bank branch in Samara offered RUB 300 mln credit facilities to Ceramics company (“Keramika”) to mature in 12 months, and RUB 200 mln credit facilities to the Tire Producing Company of Povolzhsk (Povolzhskaya Shinnaya Kompaniya) with the same maturity. In both cases, the funds will be used to replenish the working capital of the companies to finance their on-going business.

The two companies have been customers of JSC VTB Bank since 2011, also using its cash and settlement services. Benefiting from cooperation with VTB, the companies can maintain sustained growth and have stable funding sources.

For reference

Keramika Ltd. Is engaged in selling ceramic granite tile and sanitary ware. The geography of its sales covers tens of cities and towns in 6 federal constituencies of Russia, such as Privolzhsk, Urals, Central, South, Siberia, and North-West.

For more than 18 years, a group of companies "Povolzhskaya shinnaya kompaniya" have been one of the largest players in the Russian market of car and truck tires, wheel disks and batteries. The company is an official dealer of all light tire producers of Russia and the CIS, as well as of such companies as GOODYEAR, MICHELIN, YOKOHAMA, PIRELLI, MATADOR, and TIGAR. Also, the company is an official dealer of truck, agribusiness and industrial car tires produced in Russia, the CIS, and by GOODYEAR and NOKIAN.

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